I took a position in BBP today at 7c. Other than that, it has been a long day and it feels like about 37C with humidity at 99%. This morning I did not mean to imply daytraders were "lesser" to whoever it was that had a go at me. Point taken though. It does take different types of investors/speculators/gamblers to make a market and the daytraders often provide liquidity. I just get frustrated when trying to communicate factual info, like the PD Ports stuff, all most people want to do is speculate on what the price will do tomorrow (red or green etc) or what the DOW will do tonight. I guess that's the nature of internet forums. You get a diverse group with different risk profiles and different investing styles. Some are happy to make a quick grand or two and run for the hills. Good luck to them but I'd much prefer to take a position and hold until fair value appears.
Anyway, I'm still of the firm belief that asset sales are imminent, corporate debt will be negligible in 2009 and dividends are a good chance to resume in 2009/10. I believe in the new Board headed by David Hamill. I have been beaten by poor management in a few companies despite doing the research. Let's hope this new Board are fair dinkum in restoring securityholder value.
BBI Price at posting:
8.5¢ Sentiment: LT Buy Disclosure: Held